mrs. mccarthy: mr. chairman, i have an amendment at the desk. the chair: the clerk will designate the amendment. the clerk: amendment number 5 printed in part b of house report 112-311 offered by mrs. mccarthy of new york. the chair: pursuant to house resolution 479, the gentlewoman from new york, mrs. mccarthy, and a member opposed each will control five minutes. the chair recognizes the gentlewoman from new york. mrs. mccarthy: i rise today to offer an amendment to the deeply flawed bill before us now. we continue the majority's political motivated attacks on regulations. for the past two weeks we have considered bills design to slow down and stop the regulatory process. the bill before us today doesn't target just the rules that the majority might have you believe, it would hamper all rule mations, even those essential to public health and safety. my amendment today seeks to address that issue by exempting the reins act regulations related to food safety, workplace safety, air quality, consumer product safety or water quality. these issues ar

mr. mccarthy does, i feel confident about our ability to move ahead. >> speaker boehner, is repatriation a part of this bill. >> mr. cantor and i agree on the issue of repatriateation and we agree that this is not the right place to do that. as much as we'd like to do it, the arena of the overall of our tax code is probably the best place to do it. >> how is this bill paid for? has that changed? >> no. when you see the pay-fors, the bill is fully paid for. fully offset. so that we are not jeopardizing the social security trust fund. we'll be moving it next week. >> is there any movement -- with the president not wanting the keystone pipeline. >> the keystone pipeline project will put tens of thousands of americans to work immediately. it has bipartisan support in the house and senate. and as the prime minister of canada said yesterday, mr. harper, this is a no-brainer. thanks. >> house republican leaders following the breakup of the republican conference meeting talking about the payroll tax cut legislation that they discussed in conference. it looks as if, this was reported last week, th

mrs. mccarthy. >> thank you for giving your testimony.estimony, you note that we have statutory changes needed to be crafted to ensure they do not narrow. you talked about that in your opening statement, making it more difficult to pursue future violations of insider-trading. it requires your agency to help. how'd you envision them working together as well as ensuring the rules do not have an adverse effect on enforcement? how you pick somebody up that has done inside trading? one of the signals? >> have you detect the violations? they come from a number of sources. analyticsge's have a and software in which aberrational trading pops out of the systems so that if they see a spite that will jump out of the system. then investigation will be done to trace back to see who is trading and whether or not those persons have connections to the source of inside information you'd expect to see such as the bankers are the lawyers or the insiders of the company. do they have a neighbor who worked for the investment bank that had the mandate of the de

mrs. mccarthy is recognized for five minutes better thank you. in your testimony, you note that we have statuary changes carefully crafted to ensure that they do not narrow current law. you talked about that in your opening statement, making it more difficult to pursue future violations of this insider trading. the legislation requires your agency and cgfgc to adopt new rules. how could you ensure that the rules do not have an adverse affect on enforcement of insider trading? how you pick somebody up who has done insider-trading? what are the signals? how you look for those? >> the violations come from a number of different sources. analyticsge's have and software in which aberrational trading pops out of the system so that if they see a spike in options trading and announcement of a takeover, that will jump out of the system. investigation would then be done to trace that and see who is trading in those accounts and you look to see whether those persons have connections to the source of insider information that you would expect to see and says a

mr. mccarthy in particular and also briefly with the speaker that we are certainly prepared to participate in discussions leading toward a successful passage of those three pieces of legislation, particularly the unemployment insurance and the payroll tax extension which we believe are critical before we end this year. we are pleased to see that legislation moving forward but i will tell my friend that i would be pleased to participate in discussions with him so we can assure that that bill will in fact pass and hopefully pass in a bipartisan fashion. i want to tell the gentleman that i'm a little bit concerned and i want to ask him whether this principle will be followed. i think i used this quote last week but it bears repeating. speaker boehner said we will end the practice of packaging unpopular bills with must-pass legislation to circumvent the will of the american people. instead we'll advance major legislation one issue at a time. that was in the republican pledge as well. the speaker has reiterated that at the beginning of this session. now i'm concerned because republican study co

mr. mccarthy?> i am glad to speak to the task force this morning to share how we can work together to reduce the negative effects of violence on kids. i have to start by saying that it is a little bit daunting and tumbling, this idea of me attempting to provide guidance through a simple expertise that i heard introduced this morning. i will do my best. the foundation's work is guided by data and evidence and research that we have looked at, suggesting that there are three factors that predict the most rotten outcomes for kids across the board. first, whether they grow up in poverty, with it -- limited hope and opportunities to develop talent. second, a stable and nurturing connection to a family that will be there for life. third, if they lived in a community that offers role models, safe streets, and connections to success. all three of these factors are critical to preventing alliant -- preventing violence and reducing the impact exposure. my written testimony attempts to make the case for these

mr. mccarthy goes on to point out that documents recovered by the f.b.i. at the home of a brotherhood operative establish the brotherhood's overarching role in the hamas support scheme including bylaws showing the brotherhood had directed the collection of donations for this -- for the islamic assistance movement which is hamas. also recovered at the time was the internal memorandum in which the brotherhood's american leadership asserted, quote, the brotherhood must understand that their work in america is a kind of grand jihad in eliminating and destroying the western civilization from within. and sabotaging its miserable house by their hands and the hands of the believers so that it is eliminated and god's religion is made victorious over all other religions. and in fact, we get a copy of the fifth circuit's opinion, there are a number of interesting things addressed by the fifth circuit with regard to the holy land foundation. the fifth circuit said, my friend from california, mr. dreier, wish to be heard? i yield. mr. dreier: mr. speaker, i'll ask him

mr. attorney- general? >> at some point, as they said during the mccarthy hearings, have you no shame? i will say with regard to it, that we have made our point clear. with regard to the question of wiretapping, mr. gowdy knows there is only so much i will be able to say. >> mr. chair? >> thank you, mr. attorney- general. mr. attorney general, thank you for your testimony today. i ask unanimous consent that the general from colorado, mr. paulus, be assigned to the -- if there is no objection, so ordered. the hearing is adjourned. >> this morning, homeland security secretary and an apology and now is that the council on foreign relations. she will be interviewed by terry moran of abc news. you can watch it live on c-span2 at 8:30 eastern. on c-span, "washington journal" is next, live with your phone calls. later, how the obama administration manages scandals. and tonight, the final episode of "the contenders" about two- time presidential candidate ross perot. a new report shows increasingly in --

mccarthy got to rub shoulders with hollywood royalty during a recent red carpet event. had a chance to talk with tom cruise who was starting in the new mission impossible. he asked mr. cruise, why do you still do your own stunts. >> i respect you so much as an actor buzz you do your own stunt work and you've been doing this so long. you don't have to do this but it adds to the movie. do you feel like you are setting the bar for the new hen generation of actors that people should be doing this. >> i don't necessarily feel they should be doing t i want to do it and i can do t i produce these movies. these things are designed whether b. what i can do and if i don't know how, i learn how to do it. it is very technical and it takes a lot so i don't expect other people to do it. if they want to do it, say train properly and do it right. wides, -- otherwise, you may get hurt. >> kevin joins us live to talk about his top 10 movie picks of 2011. >> imagine all the running scenes he does keeps him in shape for that. jail think so. >>> an update on the missing blind man from maryland. we'll have more that where his family believes he is this morning. >>> also after the break,

mr. chairman. thank you to the committee for your tolerance. >> on behalf of the committee you're welcome. with that, ms. mccarthy from new york has five minutes. >> thank you, mr. chairman. and thank you for having it hearing. and thank you for spending so much time with us because this is a great concern for all of us on both sides of the aisle because we're dealing with an awful lot of constituents at home that are trying to get modified mortgages. the, i think there is only, not going to mention the name but there's only one bank that has been working with us and only ones that have actually remodified a number of the mortgages we have been asked to help. but something that i wanted to ask you about especially what's been in the paper with our veterans coming home from afghanistan and iraq and coming home to find that their house is underforeclosure when we had passed legislation to make sure that wouldn't happen. what can you be doing to protect these veterans coming home, even though we have laws but obviously, i mean, to me, it is, whatever is the highest fine that you can give to these particular banks, i

mr. attorney general. >> he asked me about political points. the reference to john mitchell. think about that. at some point as i said in the mccarthy shame in you know. >> reporter: so far only u.s. attorney dennis burke has resigned. he says he and others watched suspects buy, sell and smuggle guns to mexico and they did not stop anyone. some of the weapons bought by these clowns in arizona have been directly traced to murders. >> will you be resigning over -- because of the fallout from "operation fast & furious"? >> i have no intention of resigning. i'm the attorney general who put an end to these misguided tactics. >> should anyone resign? >> again on the basis of the information i have at this point, no. >> we are told that some important interviews will be held next week. holder's chief of staff and dennis burke will appear before investigators. it does not appear right now that anyone has flipped if you will, becoming a cooperating witness for congress. so statement and documents -- the fight, if you will, will continue. megyn: william, thank you. is attorney general eric holder becoming a liability for the obama administrat

mr. mccarthy in particular and also briefly with the speaker that we are certainly prepared to participate in discussions leading toward a successful passage of those three pieces of legislation, particularly the unemployment insurance and the payroll tax extension which we believe are critical before we end this year. we are pleased to see that legislation moving forward but i will tell my friend that i would be pleased to participate in discussions with him so we can assure that that bill will in fact pass and hopefully pass in a bipartisan fashion. i want to tell the gentleman that i'm a little bit concerned and i want to ask him whether this principle will be followed. i think i used this quote last week but it bears repeating. speaker boehner said we will end the practice of packaging unpopular bills with must-pass legislation to circumvent the will of the american people. instead we'll advance major legislation one issue at a time. that was in the republican pledge as well. the speaker has reiterated that at the beginning of this session. now i'm concerned because republican study co